Halitron, Inc. (HAON) Constructing Growth through
Post# of 146
Halitron, Inc. (OTC: HAON) is an equity holding company that focuses on acquiring sales, marketing, and manufacturing businesses and weaving their assets into its existing infrastructure. The company acquires bankrupt, distressed and insolvent companies inexpensively. HAON also acquires profitable companies at a multiple of earnings ranging from two to four times, before the deduction of interest, tax and amortization expenses (EBITDA).
As an example, NDG Holdings, Inc., acquired in 2015, has been a service oriented company providing digital marketing services such as website development, email blasts, SEO, and PPC management, among others. Over time, management expectations are to use its infrastructure and intellectual capital in order to become more vertically integrated by acquiring manufacturing based businesses which will improve gross margins. This strategic process will give management the flexibility to compete more effectively and invest at a greater rate within its business.
Halitron, Inc. is guided by chief executive officer Bernard Findley, who for the last two decades has been working with small- to mid-size businesses. Early in his career, with the majority of his involvement being with growth opportunities, Findley would build up sales and then sell. Later in his career, Findley was engaged in orchestrating a roll-up of 16 bankrupt, insolvent, and distressed brands.
Understanding that growth initiatives are very different than turnaround work, Findley gained insight into how to take advantage of strengths within a business, reshape the business plan, and then execute on the deliverables. He has worked in industries focused on medical devices, direct marketing and promotional products. Since 2011, he has rolled up and exited 16 brands that would have likely remained distressed or bankrupt without his guidance. Today, these brands exist and are operating under new owners.
Halitron, Inc. was formerly known as Teknik Digital Arts, Inc. and changed its name to Halitron, Inc. in August 2014. The company was founded in 2003 and is based in Newtown, Connecticut, with a location in San Diego, California.
For more information, visit www.halitroninc.com
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